Report Data Issue. To contact Colonial Penn Life Insurance Company, please visit. Company data is provided by Capital IQ. Please use this form to report any data issues.
Last year of Shmita was 2007. Next year of Shmita begins in Sept. 2014. Fact two: Year of Jubilee happens in 50 year cycles, following the 7th year of Shmita. In Jubilee, all debts are supposed to be cancelled, all land is supposed to be returned to its original owner. Liberty is proclaimed throughout the land.
With this in mind, we can see that since we are currently in the year 5765 (2005) we need to begin a second Triennial cycle in Nisan (5762 (Tishri) + 3.5 years = 5766 in Nisan. The Septennial cycle will conclude in Tishri of 5769, at the very beginning of the first year of a Shmita cycle).